Head Audit officer at People Capacity Management in Lagos

Role summary

The Head Audit officer is in charge of top the audit operation and organizing and carrying out business, financial, and adherence audits to evaluate the performance of internal regulates. The position holder establishes adherence with selected rules, standardized processes, and rules and will advise management on rising the effectiveness or performance of regulate operational structures. The work will comprise of coordinating audits, analyzing internal regulates, executing and documenting audit test work, sharing information with users for executive review, drafting audit documentation, recognizing emerging zones of risk, and endorsing avenues for a more efficient and productive audit process.

Responsibilties

• Formulate and execute internal audit plan, rules, standardized processes, and yearly audit strategy; recognize key focuses and asset qualifications for the year in line with strategic targets of the organization
• Formulate and implement a complete audit programme that is responsive to the business, financial, and regulate risks inside the organisation; strategy and carry out audits to evaluate regulates, business efficiencies, and adherence with selected rules, standardized processes, and rules.
• Settle audit challenges that occur and formulate modifications to coverage and timetable.
• Evaluate management action strategies and track execution of strategic guidance proposed by Internal Audit, in addition to the self-sufficient auditors, to guarantee that root causes possess been recognized and concerns are adequately handled and mitigated.
• Execute yearly risk evaluation during audit organizing and development of the audit plan, audit strategize and audit scope.
• Organize scope and coverage with the organization’s self-sufficient external auditors.
• Organize Internal Audit initiatives with those of the external auditors to guarantee proper audit coverage, eliminate duplicate endeavors, and enhance the effectiveness and performance of audit initiatives.
• Preserve audit files by documenting the audit standardized processes used and each of the audit documentation finished
• Take suitable actions to close or minimize regulate deficiencies recognized by the external auditors
• Offers to board of directors Oversight panel the yearly audit strategize which includes periodic status status reports and modifications necessary in the strategy.
• Communicates information to and from board of directors Oversight panel and strategic leadership regarding the audit operation
• Documentation on audit/internal regulate findings to board of directors Oversight panel on a every quarter/periodically
• Ensure documentation of all audited, investigated, and other special tasks on the organization are in line with industry standards
• Convey management responses on audit findings and corrective actions to various departments; track as suitable
• Offering response to the Board on closure of observations and directives on ordered tasks
• Track and make sure that the organization’s operating units adhere with corporate rules and standard operating standardized processes, statutory and compliance obligations
• Assessments current in addition to new goods, solutions, and standardized processes to guarantee adherence with suitable compliance-related governing bodies.
• Suggests regulatory framework and standardized process modifications or assessments as suitable.
• Evaluate internal regulates inside the system and make suitable strategic guidance to the Oversight panel
• Evaluate and make sure that the organization’s Standards oversight System is operational and regular with SON qualifications for accreditation
• Collaborate with strategic leadership to design and execute cost-efficient standardized processes to guarantee that internal regulates are efficient and to eliminate redundant or wasteful standardized processes where necessary.
• Supervise the implementation of other duty or special projects when necessary under leadership, which includes assessments of system implementations, due diligence assessments, fraud inquiries, etc
• Recognize and oversee risk in communication link with management and heads of departments
• Keep abreast of progress updates in good business oversight procedures and advise management as appropriate
• Offer professional guidance on whistleblowing and programs on standard procedures on Internal Audit to board of directors and management
• Formulate new structured approaches to enhance the audit process, for easier execution of strategic guidance

Team lead and Management:

• Coordinates, directs, and regulates the Internal Audit department and the work of all internal audit employees
• Head the Internal Audit team through guidance and uninterrupted development, nurturing an environment that fosters constant advancement and advancement.
• Oversee the Audit team's effectiveness through effectiveness organizing, mentoring, and evaluation
• Recognize HR needs of the department in line with the corporate plan, and coordinate with Human resources on development and development of the employees

Key Effectiveness Indicators

• Finalization of the Audit Strategy within financial plan 60%
• Reduction of threat level 25%
• Productive status updates of current and emerging risks in both current and prospective businesses;
• execution of Audit strategic guidance 25%
• Recognize income improvement and savings, or cost reduction mechanisms
• Upgraded connection with the Oversight panel;
• The carry out of every quarter and yearly audits of applicable departments, in addition to the goods of the organization;
• Cost management inside the authorized financial plan
• On-time delivery of every quarter internal audit documentation
• Prompt solution of audit concerns, within fifteen (15) operating days
• On-time delivery of Audit Strategy outputs and key regulate deficiencies Documentation to the Corporate head and the Oversight panel.

Qualifications

Applicants should have applicable credentials with 10 - 20 years of expertise.